Sticking to your plan: The role of present bias for credit card paydown
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DOI: 10.1016/j.jfineco.2020.08.002
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More about this item
Keywords
Credit card paydown; Present bias; Hyperbolic discounting; Sophistication; Naivete;All these keywords.
JEL classification:
- G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
Statistics
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